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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 RpiWfW3zww2y9n57RvhMDB/FKLSVJcsjtoLj+dt6cuOX1mZAUR5r3/NoIkQpWW1B
 fEuP1Wn9lG2E+PxLmycvKg==

<SEC-DOCUMENT>0000921895-03-000914.txt : 20031120
<SEC-HEADER>0000921895-03-000914.hdr.sgml : 20031120
<ACCEPTANCE-DATETIME>20031120173548
ACCESSION NUMBER:		0000921895-03-000914
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031110
FILED AS OF DATE:		20031120

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HENDERSON JAMES R
		CENTRAL INDEX KEY:			0001242437

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-00631
		FILM NUMBER:		031016243

	BUSINESS ADDRESS:	
		STREET 1:		STEEL PARTNERS LTD
		STREET 2:		590 MADISON AVE.
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WEBFINANCIAL CORP
		CENTRAL INDEX KEY:			0000085149
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159]
		IRS NUMBER:				562043000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		150 EAST 52ND STREET 21ST FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2128131500

	MAIL ADDRESS:	
		STREET 1:		150 EAST 52ND ST
		STREET 2:		21ST FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROSES HOLDINGS INC
		DATE OF NAME CHANGE:	19970826

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ROSES STORES INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>hen3.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>3</documentType>
	<periodOfReport>2003-11-10</periodOfReport>
    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000085149</issuerCik>
        <issuerName>WEBFINANCIAL CORP</issuerName>
        <issuerTradingSymbol>WEFN</issuerTradingSymbol>
	</issuer>
	<reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001242437</rptOwnerCik>
            <rptOwnerName>HENDERSON JAMES R</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>STEEL PARTNERS, LTD.</rptOwnerStreet1>
            <rptOwnerStreet2>590 MADISON AVENUE, 32ND FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
			<isDirector>0</isDirector>
			<isOfficer>1</isOfficer>
			<isTenPercentOwner>0</isTenPercentOwner>
			<isOther>0</isOther>
			<officerTitle>President, COO, VP- Operations</officerTitle>
		</reportingOwnerRelationship>
	</reportingOwner>
	<derivativeTable>
		<derivativeHolding>
			<securityTitle>
				<value>Option (right to purchase)</value>
			</securityTitle>
			<conversionOrExercisePrice>
				<value>7.0000</value>
			</conversionOrExercisePrice>
			<exerciseDate>
				<footnoteId id="F1"/>
			</exerciseDate>
			<expirationDate>
				<value>2004-08-02</value>
			</expirationDate>
			<underlyingSecurity>
				<underlyingSecurityTitle>
					<value>Common Stock, $.001 par value per share</value>
				</underlyingSecurityTitle>
				<underlyingSecurityShares>
					<value>25000</value>
				</underlyingSecurityShares>
			</underlyingSecurity>
			<ownershipNature>
				<directOrIndirectOwnership>
					<value>D</value>
				</directOrIndirectOwnership>
				<natureOfOwnership>
					<value/>
				</natureOfOwnership>
			</ownershipNature>
		</derivativeHolding>
	</derivativeTable>
	<footnotes>
		<footnote id="F1">The options were granted to Mr. Henderson on August 2, 1999 and became exercisable in three equal annual installments beginning on the date of grant.</footnote>
	</footnotes>
	<remarks>
	</remarks>
	<ownerSignature>
		<signatureName>/s/ Henderson, James R.</signatureName>
		<signatureDate>2003-11-20</signatureDate>
	</ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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